Dover Corp [DOV] stock is trading at $189.33, down -1.90%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOV shares have gain 2.46% over the last week, with a monthly amount drifted -0.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dover Corp [NYSE: DOV] stock has seen the most recent analyst activity on October 28, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $227 for it. Previously, Seaport Research Partners upgraded its rating to Buy on February 05, 2024, and kept the price target unchanged to $190. On December 13, 2022, Credit Suisse initiated with a Outperform rating and assigned a price target of $171 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $160 on April 08, 2022. Oppenheimer upgraded its rating to a Outperform but $205 remained the price target by the analyst firm on January 07, 2022. Wells Fargo upgraded its rating to Equal Weight for this stock on December 20, 2021, and upped its price target to $184. In a note dated December 17, 2021, Mizuho initiated an Buy rating and provided a target price of $195 on this stock.
Dover Corp [DOV] stock has fluctuated between $127.25 and $195.68 over the past year. Currently, Wall Street analysts expect the stock to reach $188 within the next 12 months. Dover Corp [NYSE: DOV] shares were valued at $189.33 at the most recent close of the market. An investor can expect a potential drop of -0.7% based on the average DOV price forecast.
Analyzing the DOV fundamentals
Dover Corp [NYSE:DOV] reported sales of 8.36B for the trailing twelve months, which represents a drop of -7.88%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.29 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 188.04 points at the first support level, and at 186.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 191.76, and for the 2nd resistance point, it is at 194.19.
Ratios To Look Out For
For context, Dover Corp’s Current Ratio is 1.57. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 3.11, the price to book ratio is 4.56 and price to earnings (TTM) ratio is 16.94.
Transactions by insiders
Recent insider trading involved Cerepak Brad M, Senior VP & CFO, that happened on Sep 06 ’24 when 14818.0 shares were sold. Officer, Cerepak Brad M completed a deal on Sep 06 ’24 to buy 14818.0 shares. Meanwhile, SVP, General Counsel & Secr. Cabrera Ivonne M sold 1220.0 shares on Aug 29 ’24.
